Class Action of the Month (Television Advertising Direct Purchaser)

FRS’s “Class Action of the Month” for October 2023 is Television Advertising Direct Purchaser.

In 2018, several class action lawsuits were filed alleging the Defendants shared competitively sensitive sales data, which they used to fix, raise, stabilize or maintain television advertising prices in the United States in violation of federal antitrust laws. At this time, the class has entered into settlements with the following Settling Defendants. If your business directly purchased broadcast television spot advertising from January 1, 2014 through December 31, 2018, you may be entitled to participate in the $48 million in funds recovered thus far in class action settlements. The claim filing deadline is October 26, 2023.

Television Advertising Direct Purchaser

Settling Defendants:

CBS Corp. n/k/a Paramount Global (“CBS”); Fox Corp. (“Fox”); Cox Media Group, LLC (“CMG LLC”), Cox Enterprises, Inc. (“CEI”), CMG Media Corporation (f/k/a Terrier Media Buyer, Inc. and d/b/a Cox Media Group) (“CMG”), and Cox Reps, Inc. (“CoxReps”) (CoxReps, CMG LLC, CEI, and CMG are collectively referred to herein as the “Cox Entities”); and ShareBuilders, Inc. (“ShareBuilders”).

Non-Settling Defendants:

Raycom Media Inc. (“Raycom”), Meredith Corporation (“Meredith”), Griffin Communications, LLC (“Griffin”), Nexstar Media Group, Inc. (“Nexstar”), Dreamcatcher Broadcasting, LLC (“Dreamcatcher”), Sinclair Broadcasting Group, Inc. (“Sinclair”), Tribune Broadcasting Company, LLC (“Tribune Broadcasting”) and Tribune Media Company (“Tribune Media”) (collectively, “Tribune,” and with Dreamcatcher and Nexstar, “Nexstar Group”), The E.W. Scripps Company (“Scripps”), and TEGNA Inc. (“TEGNA”).

 

If eligibility is not met for the above class action, your business may still be eligible for other settlements. Contact us to learn more.